In June, the Reserve Bank of India (RBI) raised its repo rate by a quarter percentage point to 6.25%, endorsed by all six members of…
Month: July 2018
Stability returns to bond market, but till when?
On 17 July, the traded volume of the 10-year benchmark government paper rose to ₹32,450 crore, something last seen in October 2016. The volume in…
Life of banks after five decades of nationalization
Till recently, there were animated discussions on privatization of India’s bad debt-laden public sector banks. As we approach the 49th anniversary of bank nationalization, the…
Don’t tar all PSU bankers with the same brush
This is a joke. In September 2008, just after the collapse of Lehman Brothers Holdings Inc., at a parent-teacher meeting at a Brooklyn middle school,…
IDBI Bank favourite guinea pig in Indian financial lab
Five years back, LIC Housing Finance Ltd, the mortgage subsidiary of Life Insurance Corporation of India (LIC), had applied to the Reserve Bank of India…